PHOENIX, April 27, 2022 /PRNewswire/ -- Nikola Corporation
(Nasdaq: NKLA), a global leader in zero-emissions transportation
solutions, marked the beginning of its commercial serial truck
production of the Nikola Tre BEV (battery-electric vehicle), with a
special ceremony today in Coolidge,
Arizona. The event featured remarks from Nikola executives
and Arizona Governor Doug Ducey and was attended by fleet customers,
government officials, and Phoenix
business leaders.
"We began production of the Tre BEV on March 21 here in Coolidge and today we're celebrating this
milestone and the initial shipments of trucks to our customers,"
said Mark Russell, Nikola's Chief
Executive Officer. "In 2022, we're moving forward with every aspect
of our business. Next year, fuel-cell electric vehicles
(FCEV) are planned to be added to the manufacturing mix. We are
focused on delivering vehicles and generating revenue."
"Nikola has become a driving force in Arizona's rapidly expanding electric vehicle
industry," said Governor Ducey. "Watching this innovative company
grow and put down roots in Arizona
has been truly incredible, and I know it's only getting started.
With the beginning of production at this manufacturing facility,
Nikola is clearly in the driver's seat of the future of
transportation and commerce. Thank you to the entire Nikola team,
Sandra Watson and the Arizona
Commerce Authority, our partners at the legislature and local
leaders for supporting this phenomenal project."
Phase 1 of the Coolidge,
Arizona manufacturing facility provides Nikola with a
production capacity of 2,500 trucks. Construction of the Phase 2
assembly expansion area has begun and is expected to be completed
in 2023 with a production capacity of up to 20,000-trucks per year
on two shifts.
"With our world class universities and community colleges,
Arizona has some of the best
engineering and manufacturing talent in the country," said
Sandra Watson, President and CEO of
the Arizona Commerce Authority. "Nikola not only is a top employer
in the region, they are attracting top tier suppliers to further
grow Arizona's robust electric
vehicle supply chain. We are incredibly grateful to the entire
Nikola team for choosing Arizona
to help meet their vision and we are excited for the company's
bright future."
On December 17, 2021, Nikola
delivered the first two Nikola Tre BEVs to TTSI.
On January 24, 2022, Nikola began
FCEV pilot operations with Anheuser-Busch. Two Nikola Tre FCEV
alphas are undergoing a pilot in daily service within the brewer's
Southern California distribution
network.
Nikola's Ulm, Germany
manufacturing facility on IVECO's industrial complex is also
complete. The facility is capable of a production capacity of 2,000
trucks per year and is expandable up to 10,000 trucks per year.
About Nikola Corporation
Nikola Corporation is globally transforming the transportation
industry. As a designer and manufacturer of zero-emission
battery-electric and hydrogen-electric vehicles, electric vehicle
drivetrains, vehicle components, energy storage systems, and
hydrogen station infrastructure, Nikola is driven to revolutionize
the economic and environmental impact of commerce as we know it
today. Founded in 2015, Nikola Corporation is headquartered in
Phoenix, Arizona. For more
information, visit www.nikolamotor.com or Twitter @nikolamotor.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Nikola Corporation (the "Company"), including statements relating
to the Company's future performance and milestones; expected timing
of manufacturing facility buildout and production capacity; timing
of completion of testing, production, as well as other milestones;
expectations regarding the trucks' uses and impact; expectations
regarding the Company's sales and service network; and terms and
potential benefits of the planned collaborations with its strategic
partners. These forward-looking statements generally are identified
by words such as "believe," "project," "expect," "anticipate,"
"estimate," "intend," "strategy," "future," "opportunity," "plan,"
"may," "should," "will," "would," and similar expressions.
Forward-looking statements are predictions, projections, and other
statements about future events based on current expectations and
assumptions and, as a result, are subject to risks and
uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: design and manufacturing
changes and delays, including global shortages in parts and
materials; general economic, financial, legal, regulatory,
political and business conditions and changes in domestic and
foreign markets; the potential effects of COVID-19; the outcome of
legal, regulatory and judicial proceedings to which the Company is,
or may become a party; demand for and customer acceptance of the
Company's trucks; the results of customer pilot testing; the
execution and terms of definitive agreements; risks associated with
development and testing of fuel-cell power modules and hydrogen
storage systems; risks related to the rollout of the Company's
business and the timing of expected business milestones; the
effects of competition on the Company's future business; the
availability of and need for capital; and the factors, risks and
uncertainties regarding the Company's business described in the
"Risk Factors" section of the Company's annual report on Form 10-K
for the year ended December 31, 2021
filed with the SEC, in addition to the Company's subsequent filings
with the SEC. These filings identify and address other important
risks and uncertainties that could cause the Company's actual
events andener results to differ materially from those contained in
the forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and, except as
required by law, the Company assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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SOURCE Nikola Corporation